San Bernardino County eminent domain mortgage ripoff

by CalWatchdog Staff | June 29, 2012 9:58 am

[1]June 29, 2012

By John Seiler

Our colleague Steven Greenhut has a column up on Bloomberg on as scam in San Bernardino County:

“Officials in San Bernardino County, California[2], believe they have figured out a clever way to solve the county’s, and possibly the nation’s, housing problems.

“Detailed by a Cornell University professor, and pitched by influential San Francisco investors who stand to make a fortune from it, this new idea is based on one of the oldest concepts: the taking of other people’s property.

“County officials, joined by the cities of Ontario and Fontana, are considering using an expansive interpretation of eminent domain — typically used to acquire real property to build public works — to seize the mortgages, not the real property, of those homeowners who owe more than their homes are worth.”

Read the rest here[3].

And Greenhut’s book on eminent domain, “Abuse of Power: How the Government Misuses Eminent Domain[4],” is available on Amazon.com.

Source URL: https://calwatchdog.com/2012/06/29/san-bernardino-county-eminent-domain-mortgage-ripoff/

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